Nov 29, 2012 12:00am PST
lunches to fiscal hunches. will taxing the rich help the sich? did you get that? that was for situation. warren buffet was on something called "the today show." he said the strategy behind his desire to bleed bucks from his billionaire buddies is how great it will make people earning under $250,000 feel. have a listen, listen havers. >> bottom line, would raising taxes on the wealthiest americans have a chilling affect on hiring in this country? >> no. i think it would have a great affect in terms of the morality of the -- the morale of the middle class who have seen themselves paying high payroll taxes and watch guys like me paying a rate that is below that paid by the people in my office. >> was some old guy talking? meanwhile in england we are seeing what happens when you take from the well to do. 16,000 people declared an annual income of 1 million pounds. that number dropped to just 6,000 after the prime minister introduced a 50% top rate of income tax. it is believed many rich brits moved abroad and taking flight to avoid the government bite. for more, let's go live to "red eye" s
Dec 5, 2012 12:00am PST
. the california federation of teachers has unleashed a video for higher taxes on the rich. the video fairy tale aimed at kids and is narrated by the red head on "the view" and portrays the 1% as selfish and morally bent. roll take, roll tapers. >> rich people decided they were not rich enough, so they decided on a way to get richer. first was tax cuts. they didn't mind if this was fewer services for everyone. they said why do i care about other nonrich people? i can hear waste disposal people to work for me for less money than taxes cost and then i can keep the rest of the taxes for me. >> that tickled my outrage bone. let's see what happens when we cut taxes for the rich. >> schools, public safety, the eds, parks, libraries, public transportation all went into decline. the rich people didn't care. they said everyone gets what they deserve. ordinary people wondered why rich people needed so much money. the 1% said, don't worry. this is good for you too. it will trickle down from us to you. >> all right. you know who remains blissfully unaware of this debate over taxes? >> wow, that is ed asner.